McGuire Development Company Acquires Office Building In Sunrise For $5.8M

Located at 1398 SW 160th Ave in Sunrise, this office property was recently sold in a transaction. The property spans a total of 28,010 square feet and is situated in the Sunrise market. The deal closed on April 19, 2022, with a sale price of $5,800,000, resulting in a price per square foot (PPSF) of $207.

The buyer in this transaction was McGuire Development Company, while Rialto Capital Advisors acted as the seller. Representing the buyer was Brian Askey from McGuire Real Estate Services. On the seller's side, David Duckworth, John Crotty, Michael T Fay, and Brian C De La Fe, all representing Avison Young, handled the deal.

Summary of transaction details

• Property Type: Office
• Sale Price: $5,800,000
• Square Footage: 28,010
• Price Per Square Foot: $207
• Market: Sunrise
• Buyer: McGuire Development Company
• Seller: Rialto Capital Advisors
• Buyer's Representative: Brian Askey - McGuire Real Estate Services
• Seller's Representatives: David Duckworth, John Crotty, Michael T Fay, and Brian C De La Fe - Avison Young